Jeffrey Tucker
A New Currency for the Digital Age
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BNB known as Binance was launched in 2017 and has emerged as the biggest cryptocurrency exchange globally based on daily trading volume. With its unique ecosystem of decentralized, blockchain-based networks, BNB is an integral part of the successful functioning of many of the Binance sub-projects. RELATED STORIES However, the Layer 1 blockchain networks are not scalable. Thus, creating a different framework (i.e., Layer 2 smart contracts) on top of them was felt to achieve greater scalability. That is how L2 smart contracts are critical for attaining mainstream cryptocurrency adoption because they facilitate the indefinite scaling of cryptocurrencies.